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Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Making
Dumb
Long
Brilliant
Decisions
Ones
Results
Outstanding
Decision
Primarily
Term
Avoiding
Rather
Produced

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If you understood a business perfectly and the future of the business, you need very little in the way of a margin of safety.
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Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.
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I was lucky to have the right heroes. Tell me who your heroes are and I'll tell you how you'll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit forming.
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